Hospital Stock Q3 Earnings Slated For Nov 1: ACHC & ADPT
Zacks Investment Research | Oct 30, 2016 09:38PM ET
The Q3 earnings season, which is presently in full swing, is projected to be the first quarter to see positive earnings growth after five quarters of decline.
Medical is one of the major broader sectors among the 16 Zacks sectors in the S&P 500 cohort that is expected to report earnings growth in the third quarter. The sector is likely to report earnings growth of 6% on revenue improvement of 7.3%.
As per the latest Earnings Preview , 291 S&P 500 members have posted their quarterly numbers as of Oct 28. Notably, reported earnings increased 2.2% year over year on a 1.3% surge in revenues and the beat ratio is 73.5% for earnings and 57.4% for revenues.
Hospital is an important component in the Medical universe and is expected follow the same earnings growth trajectory in the quarter. Here, we take a quick look at two hospital stocks scheduled to report their third-quarter figures on Nov 1:
Headquartered in Franklin, TN, Acadia Healthcare Company Inc. (NASDAQ:ACHC) provides behavioral health care services in the U.S. and the U.K. In the last reported quarter, the company posted adjusted earnings of 73 cents per share, which beat the Zacks Consensus Estimate by a penny.
ACADIA HEALTHCR Price and EPS Surprise
Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
That is because, as per our model, a stock needs to have both a positive earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 to beat earnings. Simultaneously, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Based in Lewisville, TX, Adeptus Health, Inc. (NYSE:ADPT) owns and operates First Choice Emergency Room, the network of independent freestanding emergency rooms in the U.S. In the last reported quarter, the company posted adjusted earnings of 43 cents per share, beating the Zacks Consensus Estimate by 5 cents.
We are upbeat about Adeptus’ solid system-wide net patient services platform. In fact, the joint venture with Texas Health Resources, one of the country's largest nonprofit health systems, earlier this year is expected to prove accretive in the quarter.
ADEPTUS HEALTH Price and EPS Surprise
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